After last week’s chat regarding the future of the electric car industry (and we don’t mean hybrids - we mean electric cars) we got a ton of great feedback and questions. Since this seemed to be such an interesting topic for many of you, we’re going to share some of the e-mails and questions we received. Here’s the first one regarding a foreign company working on the technology with Lotus….

Afternoon to you!

Read with interest your article on Hybrid cars, I have shares in a small UK company (also listed on the Canadian exchange) by the the Name of Turbo Power Systems (code; tps). They are working with Lotus cars on such developments and at 3.5 pence are worth a look. These shares were once at 950 pence (taking into account a share split at 2200p) and peaking at the 2850p level before the split.
 
The company is still there, still working and their technology is being used in the new Boeing Dreamliner.  With major changes to the Board they now appear to be looking at the Defence industry or the Defence industry is now looking at them!
 
Appreciate any comments. I have a holding in them of course, buying again after reading about the Board changes. With the removal of the development team it now looks as if they mean business.
 
Regards

Thanks for the e-mail. Unfortunately we can’t tell you any more about them than you know. In fact, you know more than we do. Almost all of our data is U.S.-based. Even Canadian stock information is tough to come by.

However, we’re happy to mention the company name and ticker in case anybody else can add something. If you know more about Turbo Power Systems, please add your comments below.

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